7420's are Japanese.rgr said:7620 should be well within your budget, and a nice guitar. A 1527 is pushing your upper $ range. The 7420 is Korean made and decent for what it is, but it has the Lo TRS trem, personally I wouldn't buy one.
Roger
I would suggest a 1527. its basically a 7620 w/ an edge pro. Put some locking studs and new pickups in and you're set.